taxes Property Tax Assistance

2016 ISD Summary Worksheet

220/Tarrant

220-910/Lake Worth ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 362,611,830 .9913 365,794,240 362,611,830
B. Multi-Family Residences 102,042,624 .9216 110,723,333 102,042,624
C1. Vacant Lots 33,454,533 N/A 33,454,533 33,454,533
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 56,913 2.2807 24,954 56,913
D2. Real Prop Farm & Ranch 39,265 N/A 39,265 39,265
E. Real Prop NonQual Acres 0 N/A 0 0
F1. Commercial Real 298,228,221 .9654 308,916,740 298,228,221
F2. Industrial Real 2,746,665 N/A 2,746,665 2,746,665
G. Oil, Gas, Minerals 13,934,490 N/A 13,934,490 13,934,490
J. Utilities 17,933,950 N/A 17,933,950 17,933,950
L1. Commercial Personal 85,993,795 1.0043 85,625,605 85,993,795
L2. Industrial Personal 15,371,634 N/A 15,371,634 15,371,634
M. Other Personal 222,503 N/A 222,503 222,503
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 32,100 N/A 32,100 32,100
S. Special Inventory 1,615,964 N/A 1,615,964 1,615,964
Subtotal 934,284,487 956,435,976 934,284,487
Less Total Deductions 127,965,690   128,825,950 127,965,690
Total Taxable Value 806,318,797 827,610,026 806,318,797 T2

The taxable values shown here will not match the values reported by your appraisal district

See the ISD DEDUCTION Report for a breakdown of deduction values

Government code subsections 403.302 (J) AND (K) require the Comptroller to certify alternative measures of school district wealth. These measures are reported for taxable values for maintenance and operation (M&O) tax purposes and for interest and sinking fund (I&S) tax purposes. For districts that have not entered into value limitation agreements, T1 through T4 will be the same as T7 through T10.

Value Taxable For M&O Purposes

T1 T2 T3 T4
826,685,491 806,318,797 826,685,491 806,318,797


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
20,366,694 0


T1 = School district taxable value for M&O purposes before the loss to the additional $10,000 homestead exemption

T2 = School district taxable value for M&O purposes after the loss to the additional $10,000 homestead exemption and the tax ceiling reduction


T3 = T1 minus 50% of the loss to the local optional percentage homestead exemption

T4 = T2 minus 50% of the loss to the local optional percentage homestead exemption

Value Taxable For I&S Purposes

T7 T8 T9 T10
826,685,491 806,318,797 826,685,491 806,318,797

T7 = School district taxable value for I&S purposes before the loss to the additional $10,000 homestead exemption

T8 = School district taxable value for I&S purposes after the loss to the additional $10,000 homestead exemption and the tax
ceiling reduction

T9 = T7 minus 50% of the loss to the local optional percentage homestead exemption

T10 = T8 minus 50% of the loss to the local optional percentage homestead exemption

The PVS found your local value to be valid, and local value was certified